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FOUND: 2 | Mind Blowing Facts

UN Official Warns Of Deteriorating Situation In Libya

UN official warns of escalating crisis in Libya due to political fragmentation and unilateral actions, urging renewed political talks for stability.

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Libya's instability has 'quite rapidly' deteriorated and will worsen if no elections, says UN envoy

The top U.N. official in Libya is warning that the political, military and security situation in the oil-rich north African country has deteriorated “quite rapidly” and without renewed political talks leading to a unified government and elections there will be greater instability

The Independent UK

Russia Raises Key Rate To 18% To Curb Inflation

Russia's Central Bank raises key lending rate to 18.00% to combat inflation amid sanctions and overheated economy.

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GOP 2024 Platform Highlights Bitcoin Mining, Broader Crypto Industry Focus

Republicans have released a 2024 platform that placed crypto on top of two other innovation causes it wants to prioritize – the four crypto facets mentioned were previously championed by GOP presidential frontrunner Donald Trump.

International Business Times

Russian Central Bank Chief Calls For 'Open Economy'

Russia's central bank chief called Thursday for Russia to be an "open economy" despite the barrage of Western sanctions and trading restrictions it has been hit with over its Ukraine offensive.

International Business Times

House Passes Bill Blocking US Central Bank From Issuing 'Detrimental' CBDC

Following a sweeping vote to pass FIT21, the House has now passed H.R. 5403, which effectively bans the U.S. central bank from issuing a CBDC that Republican members believe might be used by the government to surveil the financial activities of the American public.

International Business Times

South Africa Faces Inflation And Financial Upside Risks

Governor of South Africa's Central Bank warns of inflation risks and financial instability, emphasizing the need for vigilance and proactive measures.

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Aussie Dollar: Exploring the Bullish Seasonal Dynamics of the Aussie Dollar and Western Australia's Harvest Cycle

While countries struggle with Central Bank indecisions on interest rates, the harvest season in Australia is predictable. Australia boasts a robust commodity base, frequently called a commodity currency. Commodities account for a large share of Australia's exports, so movements in commodity prices result in movements in export prices. Exports lead…

Barchart

Brazil Central Bank Requests 20% Budget Increase

The Central Bank of Brazil requests a 20% budget increase to enhance operations and navigate economic challenges.

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Brazil Central Bank Considers Smaller Rate Cuts Amid Uncertainty

Central Bank of Brazil discusses potential interest rate adjustments and economic uncertainty in recent meeting.

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Iraq Central Bank Says Regulated Dollar Transactions Rising

Iraq, fighting a booming currency black market, has considerably increased overseas dollar transactions through the official global SWIFT system, the Central Bank vice governor said on Monday.

International Business Times

Hungary Delays Central Bank Law Change Until Autumn

Hungary postpones central bank law changes to address economic challenges and ensure financial stability.

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Republican Senators Move To Block Federal Reserve From Issuing A CBDC

Sen. Ted Cruz and several other Republican senators are pushing a bill that could prohibit the U.S. central bank from issuing CBDCs, saying a CBDC will only infringe on the American public's financial freedoms.

International Business Times

Germany confirms probe into former Lebanon central bank chief Salameh

Prosecutors say Riad Salameh, bank governor from 1993 to 2023, being investigated for money laundering, other crimes.

Al Jazeera

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Barchart

Mexican Peso: Will the Peso Surge Due to Monetary Policy and a Seasonal Buy?

Who will cut rates first, Banxico (Mexico's Central Bank) or the Federal Reserve (US Central Bank)? With a 5.75% spread (favoring Mexico) of short-term interest rates, the carry trade has money flowing into the Mexican Peso. As both countries prepare for upcoming elections, there is sure to be volatility in…

The Hindu

Central Bank branch shifted

The Hosapete branch of Central Bank in Ballari district will be shifted to the Rotary Club premises on Railway Station Road on Friday.

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US Imposes Sanctions on Iran-Linked Entities for Export Violations

The U.S. imposes sanctions on individuals and firms from Iran, UAE, and Turkey for helping export U.S. goods to Iran's Central Bank, violating export restr...

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New Turkish Central Bank Chief Vows to Tackle Inflation

Turkey's new central bank chief, Fatih Karahan, vows to continue the fight against inflation with determination, expecting a considerable drop over the nex...

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Brazil's Central Bank Signals Rate Cuts in Future Meetings

Get ready for an economic rollercoaster in Brazil as the central bank hints at rate cuts. Buckle up and stay tuned for updates on the country's financial l...

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Rate Cut Controversy: Israel's Monetary Future Remains Uncertain

Analysts are divided on whether Israel's central bank will initiate rate cuts next week, with some anticipating a creative twist in monetary policy.

Caixin Global

Ex-Central Bank Official in China Sentenced to Prison for Leaking State Secrets

Sun Guofeng also took bribes and engaged in insider trading, the country’s top prosecutor says

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Brazil's Central Bank Maintains Easing Pace amid Inflation Concerns

From the samba beats to the soaring inflation expectations, Brazil's central bank elegantly dances with easing measures to tame the unanchored economy.

Latin Times

Chile's Central Bank Lowers Monetary Policy Interest Rate To 8.25%

As per the board members of the bank, inflation continues to decline with annual variations in the total and core CPI (Consumer Price Index) standing at 4.8 and 6.0%, respectively. However, the bank noted that the inflation exceeded the expectations due to volatile prices.

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Bank Indonesia Predicts First Cut in Q3 2024: Poll

Indonesia's central bank, set to wave farewell to rate rises, may usher in their first cut in Q3 2024, promises a colorful dance of digits as forecasted by...

Latin Times

Economist Santiago Bausili To Become Argentina's Central Bank Chief Under Milei Administration

The economist is known to be a close ally of Luis Caputo, who is the incoming economy minister.

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